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ALPH Alpha Group International Plc

2,100.00
10.00 (0.48%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alpha Group International Plc LSE:ALPH London Ordinary Share GB00BF1TM596 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.00 0.48% 2,100.00 2,070.00 2,080.00 2,100.00 2,050.00 2,100.00 152,511 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 185.96M 88.83M 2.0504 10.14 901.09M

Alpha Pyrenees Trust Limited Partial Portfolio Sale (9749N)

03/02/2016 2:00pm

UK Regulatory


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TIDMALPH

RNS Number : 9749N

Alpha Pyrenees Trust Limited

03 February 2016

3 FEBRUARY 2016

ALPHA PYRENEES TRUST LIMITED

("ALPHA PYRENEES" OR THE "TRUST")

ALPHA PYRENEES SELLS FURTHER PROPERTIES FROM ITS FRENCH PROPERTY PORTFOLIO

Further to the announcement on 15 December 2015, Alpha Pyrenees announces today that it has sold its properties located at Athis Mons, Aubergenville and Aubervilliers in France totalling approximately 59,730 square metres for EUR24.3 million.

The purchaser is an investment vehicle managed by Colony Capital, Inc. (NYSE: CLNY), a global real estate and investment management firm.

The sale forms part of the orderly realisation process supported by the Trust's lender, Barclays Bank PLC ("Barclays"), and the net proceeds from this sale will be used to reduce the Trust's bank borrowings.

As previously stated, the Board does not expect that there will be any value to return to ordinary shareholders after repayment of its bank borrowings has taken place.

The Trust will provide further updates in due course.

For further information:

   Dick Kingston, Chairman, Alpha Pyrenees Trust Limited               01481 231100 
   Paul Cable, Fund Manager, Alpha Real Capital LLP                      020 7391 4700 

For more information on the Trust, please visit www.alphapyreneestrust.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

PFUAKNDPNBKDABK

(END) Dow Jones Newswires

February 03, 2016 09:00 ET (14:00 GMT)

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